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Functional Brands (MEHA) earnings and revenue breakdown

Latest: Q2 2026 · 10-Q filed Aug 14, 2026 · Functional Brands (MEHA) Q2 2026 earnings results →

Q2 2026 Revenue up 2% year over year to $1.9M · 141¢ of every $1 of revenue lost · operating margin -70.6%

Functional Brands made $1.9M in Q2 2026 (+2% Y/Y). Operating margin -70.6%, net loss $2.6M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 14, 2026.

Revenue$1.9M
Year over year+2%
Operating margin-70.6%
Net earnings−$2.6M
Operating cash flow−$519K

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $1.9M in Q2 2026, up 2% year over year and up 14% from the previous quarter.

Gross margin was 59.9%, up 7.1 points from a year earlier. Operating costs exceeded revenue by $1.3M, an operating margin of -70.6%. Operating expenses grew 117% against revenue growth of 2%. The fastest-growing cost line was General & admin (+119%). The quarter ended with a net loss of $2.6M, narrower than the previous quarter's $7.0M loss.

Operating cash flow was −$519K. Non-cash charges added back $16K of depreciation and amortization and $315K of share-based compensation. Working capital and other items added $1.8M.

Quarterly history

Functional Brands revenue by quarterFunctional Brands revenue by quarter$1.7MQ3 2025$1.5MQ4 2025$1.6MQ1 2026$1.9MQ2 2026
Functional Brands net earnings by quarterFunctional Brands net earnings by quarter$259KQ3 2025$852KQ4 2025−$7.0MQ1 2026−$2.6MQ2 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q2 202610-QAug 14, 2026$1.9M+2%-70.6%−$2.6M−$519K
Q1 202610-QMay 15, 2026$1.6M+4%-41.5%−$7.0M−$425K
Q4 202510-KMar 27, 2026$1.5M-11%-75.8%$852K−$2.7M
Q3 202510-QDec 15, 2025$1.7M+21%-4.6%$259K$831K

Charts

Functional Brands: revenue growth, year over year and quarter over quarterFunctional Brands: revenue growth, year over year and quarter over quarterY/YQ/Q+21%Q3 2025-11%-12%Q4 2025+4%+10%Q1 2026+2%+14%Q2 2026
Latest (Q2 2026): Y/Y +2%, Q/Q +14%.
Functional Brands: where the cash came from (+) and went (−), TTM to Q2 2026Functional Brands: where the cash came from (+) and went (−), TTM to Q2 2026Other financing$3.0MOperating cash flow−$2.9MCash drawn (+) / kept (−)−$94KNet borrowing (+) / repaid (−)−$46KNot reconciled−$9K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Functional Brands: profit against cash, quarter by quarterFunctional Brands: profit against cash, quarter by quarterNet incomeOperating cash flow−$288KQ3 2024−$278K$56KQ4 2024−$127K$176KQ1 2025−$226K$472KQ2 2025$259K$831KQ3 2025$852K−$2.7MQ4 2025−$7.0M−$425KQ1 2026−$2.6M−$519KQ2 2026
Latest (Q2 2026): Net income −$2.6M, Operating cash flow −$519K.
Functional Brands: long-term debt falling due (FY2025)Functional Brands: long-term debt falling due (FY2025)$4K2026$4K2027$4K2028$4K2029$4K2030$121KLater
Cash $2.7M, short-term investments —, long-term debt $140K at 2025-12-31.
Functional Brands in its industry: growth against margin (22 companies, SIC 2833)Functional Brands in its industry: growth against margin (22 companies, SIC 2833)revenue growth, year over year →↑ operating marginmedian +6%median -6%CURLFTLRYTRLVUSNAAAWHCRONCGCJUSHBTMDMRMDNAIINAGEMTEXFTLFLEEEFCHUCHYEXCBDYADIANPHCCFOOMEHA (+2%, -71%)
Medicinal Chemicals & Botanical Products; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Functional Brands

Our company operates in the nutraceutical supplement industry. We are a manufacturer and distributor of supplements in categories such as pain, energy, prenatal, general health, bone and joint, gastro, immunity, cardiac, detox, mental clarity & focus, sleep, prenatal and urinary. Our end markets focus on end-consumers through different channels that include pharmacies, US wholesalers, international distributors and direct-to-consumers sales. Our products are sold over the counter, and consumers do not need a prescription to purchase our products. Our products are not approved by the FDA. Our principal business is the production, marketing, sales, and distribution of nutraceutical products through our Kirkman division. We ship our Kirkman products to throughout the United States and to 35 countries.

In its own words, from its 10-K, filed Mar 27, 2026.

Functional Brands against its Medicinal Chemicals & Botanical Products peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +2% against the peers' median +7%. Operating margin: -70.6% against the peers' median 0.8%.

CompanyQuarterRevenueY/YOp. margin
MEHA Functional BrandsQ2 2026$1.9M+2%-70.6%
CURLF Curaleaf HoldingsQ3 2026$353M+11%0.8%
TLRY Tilray BrandsQ1 FY27$257M+23%-9.4%
TRLV Trulieve CannabisQ3 2026$230M-20%18.5%
USNA Usana Health SciencesQ2 2026$223M-5%-9.0%
AAWH Ascend Wellness HoldingsQ2 2026$126M-0.9%4.2%
CRON Cronos GroupQ3 2026$83.9M+72%10.8%
CGC Canopy GrowthQ2 FY27$71.1M+20%-23.1%
JUSH Jushi HoldingsQ3 2026$70.5M+7%5.0%

Source: Functional Brands 10-Q on SEC EDGAR · CIK 1837254 · Medicinal Chemicals & Botanical Products

13F: who owns MEHA and who is buying

Funds' net buying of MEHA by quarter (13F)Funds' net buying of MEHA by quarter (13F)$66K2025-12$7K2026-03−$2K2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on MEHA

History

Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results

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